This paper examines the causal effects of shifts in international food commodity prices on euro area inflation dynamics …%-30% of inflation volatility. In addition, large autonomous swings in international food prices contributed significantly to … the twin puzzle of missing disinflation and missing inflation in the era after the Great Recession. Specifically, without …

We study the impact of the COVID-19 pandemic on euro area inflation and how it compares to the experiences of other …-output linkages, affecting both trade and inflation; (2) inflation can be higher under sector-specific labor shortages relative to a … domestic aggregate demand shocks in explaining euro area inflation over 2020-21; and (4) international trade did not respond to …

This paper examines the causal effects of shifts in international food commodity prices on euro area inflation dynamics …%-30% of inflation volatility. In addition, large autonomous swings in international food prices contributed significantly to … the twin puzzle of missing disinflation and missing inflation in the era after the Great Recession. Specifically, without …

productivity growth, the natural interest rate (r*), inflation trends and monetary transmission. While trade globalisation … by upward pressures, from the boost to global productivity associated with greater trade integration. Headline inflation …. Meanwhile, core inflation rates show a lower degree of commonality. Globalisation has made a rather modest contribution to the …

We study the impact of the Covid-19 pandemic on Euro Area inflation and how it compares to the experiences of other …-output linkages, affecting both trade and inflation. 2) Inflation can be higher under sector-specific labor shortages relative to a … domestic aggregate demand shocks in explaining Euro Area inflation over 2020-21. 4) International trade did not respond to …